With property taxes being a significant factor in Texas, how do you factor them into your sales strategy?

I just took a course and was learning about market research, like looking at population per capita in an area and average income, among other things, and comparing those factors in one community where there may be a property you are interested it to another community.

The fact that you’re now considering the next steps with equity is a sign that you're ready to level up, but it's also crucial to be strategic about it.In terms of pulling out $500,000 of equity for new investments, there are a couple of key factors to weigh.

This final determination based on various factors such as condition of property, location, and bedroom/bath count.

A couple other tips;you can’t use the renovation loan to finance renovations to the commercial space. only exception is if you need to do repairs to the core structure or mechanicals that are integral to the building (ie, structural work, sewer lines, water mains)Make sure you work with a lender that knows how to do these.

We sure have and are now doing a deal for this investor where they keep 100% of the profits.Folks that do their best, will make mistakes (Honest mistakes for those that work with integrity).We have been thrown under the bus quite a few times on this forum like many others but I sleep peacefully because I know we don't steal, cheat or lie and always do our best for everyone.Many times things work out well and other times they don't.Such is real estate and such is life.I don't think one can be blamed for doing their best.Upwards and onwards and wishing you all the best

Market Research: What factors did you consider when determining the potential resale value?

However, smaller properties tend to have asking prices influenced by factors like local demand or future appreciation potential, not just rental income.If you're finding that the numbers from the cap rate approach are consistently coming up lower than the asking price, it may be because the market value is being driven by different factors, especially in a competitive or appreciating area.I’d recommend using comparable sales as your primary tool while keeping the income approach in the back of your mind to avoid overpaying.

Based on comps, you could sell for $275K to $300K, leaving little profit once you factor in holding and closing costs.The conversion to a 4/2 near a university is promising, but the risk lies in unexpected renovation costs or market shifts.

It needs to be shouted from the rooftops on BP - THE BIGGEST FACTOR IN WEALTH CREATION IS YOUR W2 INCOME!